FT News Briefing Brussels threatens UK with legal action, Citi’s new CEO, Japan PM favourite
Sep 11, 2020
Brussels is ratcheting up tensions with the UK over a breach of the Brexit treaty, hinting at potential legal actions. Meanwhile, Citigroup makes history by appointing Jane Fraser as its first female CEO, marking a significant moment for gender representation in finance. In Japan, the frontrunner Yoshihide Suga is set to take the prime minister's office, bringing a unique political journey and plans for economic reform during challenging times.
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Brexit Standoff
- The UK introduced a bill undermining the Brexit withdrawal agreement regarding Northern Ireland's trade status.
- The EU threatens legal action if the UK doesn't withdraw the bill, leading to a standoff.
Wall Street's First Female CEO
- Jane Fraser will be the first woman CEO of a major Wall Street bank, Citigroup.
- This milestone could encourage more female talent in the financial sector.
Japan's New Prime Minister
- Yoshihide Suga, son of a strawberry farmer, is the frontrunner to replace Shinzo Abe as Japan's prime minister.
- Suga, known for economic reform, is expected to continue Abe's policies but with a domestic focus.